chiang mai

Laser repair of a torn retina is a task typically done by a resident, it doesn't need super specialty skills. Mine was done by an Opthamologist who told me this and said the only reason she was doing it is because she happened to be there at the time. The Rutnin is very very good but it's overkill for laser repair of a torn retina. Ditto cataract surgery. Cataract surgery is performed daily all over the world by junior doctors, often in less than sanitary conditions,. it's a 20 minutes procedure that is straight forward. The choice of lens is another issue, that's personal choice. In the North, cataract surgery using a standard IOL can be done for 25k per eye as a routine procedure, paying 130k per eye is also overkill..

I am slowly starting to read, it's riveting but it'll take time before I conclude. In the meantime, I revisited the "misleading" statement made by tax advisors and agree it is just that, misleading. However, it is not untruthful, it's just ambiguous and lacking clarity. Financial activity including deposits and with drawls, are reported to the TRD, it's just that they appear to be reported in total rather than in detail, ditto transactions that are reported to the TRD. That said, I started to wonder about the frequency of this reporting and what exactly the likes of TRD would do with the information. I like to think if I was TRD and I received those reports/that data monthly, I might write my own program to match accounts numbers and examine the difference in balances between accounts each month ,which would let me see monthly activity in some detail. Even if it was quarterly, it would still be possible to see fairly detailed events. This of course is all supposition and guess work but I wouldn't dismiss out of hand, how much fairly detailed information a Revenue Department from any country will be able to obtain as a result of CRS.

I haven't read any of the document yet and I'm not sure if I will, I'm simply quoting your words in the above posts so I don't know if you are quoting the document or using your own words. One minutes you say, 5. Distributions made to the account (dividends, interest, gross proceeds/redemptions, other) The next you say, The total gross proceeds from the sale or redemption of Financial Assets paid or credited to the account. So, you ask me do I understand? Well, not yet I don't so maybe I will do some reading at some point. Once again, thank you for providing the link.

I'm not copping out of anything, I'm asking you to support your statements at a detailed level, rather than telling me to read a lengthy document. The above does help significantly but point 5 is confusing because it seems to be saying that is details of all disbursements or payments made TO the account, which I interpret to mean all inputs, along with redemptions which I take to mean outputs.....or maybe others see that differently.

If you've read it and have arrived at that conclusion, that's great, my jury however is still not fully in..

If you can't provide a simple quote or quotes to support your statements, I can't believe that any exist, sorry but that's the way I view things. Pushing responsibility for reading the document to identify the statements that resonated with you, onto us, isn't something that's either sensible or logical. Perhaps we simply leave the issue open, pending further clarification by sources or people unknown at this point.

Thank you for making the effort to try and clarify matters. Before I or anyone else starts to spend a lot of time reading, I think the onus is on @anrcaccount to help by pointing us at the part of that lengthy document that helped him arrive at his very firm conclusions. I also think we need to understand whether he believes what he does, because of what the document does say or what it doesn't say. For example, does the document say that ATM and CC transactions are excluded or is that it doesn't say they are included?

Thanks, it looks like I have to do some reading

Thanks for the link but I don't want to read the whole thing, is there not just one paragraph that you can quote that confirms what you believe?

Let me add to this: I don't know if CRS reports transactions or consolidated data, I've seen reports that both are reported so I don't know which is correct. it would be good to see definitive proof of this. I also saw where the tax advisor said that ATM transactions were reported and I assumed this was true, but again, it all hinges on the answer to the CRS data question. But what I did see is the discussion between members about this topic where you jumped from somebody's assumption and made it fact, without any proof being offered. I'm now trying to understand if you have seen something about CRS that others haven't that makes you believe what you wrote.

I saw where another poster mentioned that but nobody quoted where in CRS it is aaid. I think you assumed it was true and then quoted it as fact, unless you can actually quote CRS as a reference, please.

You were given incorrect information. Funds that were remitted to Thailand, from overseas, can be remitted back overseas again as long as proof can be provided of the inbound transfer, an FET or similar will suffice. I had this discussion with others some months ago and ended up writing to the CEO of UOB Thailand to seek clarification. A lady from the bank called me and repeated what I set out above, any FET will do, from any Thai bank, regardless of the date, she even gave me her telephone number in case I had problems in the branch where staff often don't seem to know.

You don't say so but I imagine what you've written is a guess or supposition rather than fact. I can't imagine that deliberately giving a bank a made up TIN from another country is lawful although I can't quantify the risk involved. As for CRS.....I read your statements some time ago where you said that the CRS threat was mostly made up by agents to install fear and gain fees, which I also think is probably assumption or opinion on your part. It's great to have an opinion on these things and to share them, but it should be made clear that it is opinion and not fact.

Personally I don't think there's any likelihood that the new PM will cancel the changes to tax laws and looking for evidence that it will is foolish. The Baht has strengthened (actually USD has weakened), as have all Asian currencies, but this is the result of market expectations that the US Fed will reduce rates and is nothing to do with the new Thai government (Jackson Hole reports later this week may shed some light on this). Markets continue to see a rough ride ahead for the new government, versus the BOT position on interest rates. https://finance.yahoo.com/news/goldilocks-scenario-boosts-asian-currencies-022522653.html

I don't believe that the reports about cancellation of the wallet scheme has anything to do with THB appearing stronger, that is solely a USD value issue. BTW a female PM is still called a Prime Minister. https://www.marketwatch.com/investing/index/dxy

So get her to fund your stay in Thailand and you pay her back in cash when you take her back home for a visit....clean and tidy, n o blackmarket ops, nor risk.

Are you even tax resident, do you stay here more than 180 days per year?

OK, fair enough, just small amounts involved so why even bother with any pretence and near covert exchanges using relatives?

This is all great fun, inventing creative ways to avoid paying tax, but have you actually done the math to see if you would actually be paying any tax and whether this whole exercise is not necessary? I mean, you've said not large amounts so it doesn't sound like there's a lot at stake here.

Even Thai nationals must produce their ID to exchange foreign currency which is never exchanged for free there is always a cost. One presumes that after a while, somebody at BOT would notice that somebody is exchanging large amounts of the same currency for THB, and that a chat might be in order, lest said foreign currency was illegally earned.

So simple, so elegant, why ever did I not think of that.

Older people in particular, want peace of mind, anxiety increases with age so knowing that things have been done properly is important to many people. The older you are, the fewer chances a person will take in this respect, younger guys however are more likely to have two patties in their double nothing burger!

You can do that any time, apart from during seasoning periods (if any apply). My extension is due mid December but my fixed deposit renews in June. It's been fixed for at least a decade in one two and three year fixes. If there is some slip up or delay renewing the fix, I've got plenty of time to get it sorted. This has never been an issue with Immi., at least not for me.

You do understand that the TRD doesn't need to do any of those things. It's solely down to the taxpayer to declare what they want to declare and to be be prepared to support what they do declare with proof, if needed. Unless of course, by some quirk of fate the TRD happens to come across one of the items on your list , maybe even by accident, and asks, did you declare this?

That was never legal in the first place. The Land Office doesn't take your home, they give you a couple of months to make alternate ownership arrangements.